TO THE PROBLEM OF DEFINING THE CONCEPT AND DEFINING THE MEANING OF SECURITY IN THE SPHERE OF BANKING ACTIVITIES

Abstract

Attention is focused on the fact that the essence of security lies in the
characteristic of protection, stability, inviolability, inviolability of something or
someone. This is the zero point of reality where there are no factors or factors
that have a negative impact, or can potentially have it. At the same time, security
is a context-sensitive category, the final meaning of which depends on the field in
which it is used.
It was found that ensuring security in banking is a set of organizational,
technical, legal and managerial measures aimed at protecting banking institutions,
their assets, customers and financial operations from internal and external
threats, such as fraud, cybercrimes, financial abuse, money laundering, as well as
risks associated with economic instability.
The importance of ensuring security in the researched area is that it creates
conditions for the stable and reliable operation of the banking system, which is
the basis for maintaining the trust of citizens, investors and businesses in financial
institutions. An effective security system allows you to minimize financial risks,
prevent cyber security threats, protect confidential customer data and ensure

banks' resilience to external and internal threats and challenges.